Press Digest: Financial Times - October 26

Airbus SE

Today 01:07

Oct 26 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
     
Headlines
- Andy Burnham stokes Brexit debate ahead of UK-EU summit
- Britain will not join Canada-led defence bank
- Airbus to hold talks with BAE over role in GCAP fighter jet programme
-Audi to build $4bn US plant as it grapples with tariffs
     
Overview
- Andy Burnham has sparked a furious debate over Britain readopting EU free movement rules, but has rejected the idea that the UK could join the euro or the passport-free Schengen travel area.
- Britain has decided not to join a global defence bank spearheaded by Canada, as chancellor John Healey prepares to throw his weight behind a separate UK-led initiative to help fill a multi-billion hole in the UK defence budget.
- Airbus AIR.PA executives will meet counterparts from BAE Systems BAES.L to explore how the pan-European group could join the UK company's next-generation fighter jet programme, as it seeks to chart a new course for its military aircraft business. 
- Audi is to invest $4 billion in building its first plant in the US as the Volkswagen Group VOWG.DE seeks relief from higher tariffs that have eroded its sales and profits.
     
     

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))